Common use of IPO Stock Options Clause in Contracts

IPO Stock Options. The Executive shall be granted additional stock options (the "Additional Options") to purchase 100,000 shares of Common Stock following the IPO, at the price per share offered to the public at the commencement of the IPO, the terms and conditions of which shall be set forth in an option agreement between the parties hereto. The Additional Options shall vest over a three year period, with one-third of the options vesting on the first anniversary of the Effective Date, one-third on the second anniversary of the Effective Date and the remainder on the third anniversary of the Effective Date. Such options may be exercised by the Executive any time prior to the later of (i) one year after the end of the Initial Term or (ii) one year after the end of the termination of the Executive's employment hereunder.

IPO Stock Options. The Executive shall be granted additional stock options (the "Additional Options") to purchase 100,000 40,000 shares of Common Stock following the IPO, at the price per share offered to the public at the commencement of the IPO, the terms and conditions of which shall be set forth in an option agreement between the parties hereto. The Additional Options shall vest over a three year period, with one-third of the options vesting on the first anniversary of the Effective Date, one-third on the second anniversary of the Effective Date and the remainder on the third anniversary of the Effective Date. Such options may be exercised by the Executive any time prior to the later of (i) one year after the end of the Initial Term or (ii) one year after the end of the termination of the Executive's employment hereunder.

IPO Stock Options. The Executive shall be granted additional stock options (the "Additional Options") to purchase 100,000 125,000 shares of Common Stock following the IPO, at the price per share offered to the public at the commencement of the IPO, the terms and conditions of which shall be set forth in an option agreement between the parties hereto. The Additional Options shall vest over a three year period, with one-third of the options vesting on the first anniversary of the Effective Date, one-third on the second anniversary of the Effective Date and the remainder on the third anniversary of the Effective Date. Such options may be exercised by the Executive any time prior to the later of (i) one year after the end of the Initial Term or (ii) one on year after the end of the termination of the Executive's employment hereunder.